Dry Cargo
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Chartworld takes another Hanjin bulker
The latest capesize from the Hanjin Shipping’s stable has been sold. Creditor KEB Hana Bank asked for a price indication…
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Hanjin Group drawn into US bankruptcy proceedings
Hanjin Group risks being drawn into the US bankruptcy proceedings of subsidiary Hanjin Shipping. The New York Shipping Association-International Longshoremen’s…
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DryShips completes $200m share sale
George Economou’s DryShips has completed a $200m common stock offering, raising $198m for the company to continue its recently announced…
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Japanese shipping majors in freefall
On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just…
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Toisa provides more details on Chapter 11 filing
More details have been released about the Chapter 11 filing in New York by Toisa, a shipowning vehicle controlled by…
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Diana Shipping charters another capesize to Koch
Greek dry bulk owner Diana Shipping has chartered another of its bulkers out to Singapore’s Koch Shipping. The 2011-built capesize…
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Gregory Callimanopulos’s Toisa files for Chapter 11 in New York
Toisa, a shipowning vehicle controlled by colourful Greek magnate Gregory Callimanopulos, has sought bankruptcy protection in New York. The Chapter…
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Pacific Basin offloads supramax
Hong Kong’s largest shipowner by fleet size has offloaded a middle-aged supramax. Brokers report Greece’s Vulcanus Technical has paid $4.9m…
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Fred Cheng buys second cape
Best known as a tanker tycoon Fred Cheng has decided to focus on capesizes in his initial fleet buildup. Lion…
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Banks set crunch February 28 deadline for Marenave
Troubled German line Marenave Schiffahrts has been given another month to sort itself out by its creditors. Banks have set…
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Patience and perseverance – characteristics shipping needs in the Year of the Rooster
Farewell to the Chinese Year of Monkey, a suitably cheeky period for shipping. Will the incoming Fire Rooster have anything…
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BHP Billiton bypasses brokers with new online auction platform
Shipbrokers around the world are waking up to the shock news that one of the world’s most important shippers, miner…
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Diana Shipping ties up two more charters
Greek drybulk owner Diana Shipping has fixed two more charters for its vessels. Cargill International has extended its time charter…
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LNG-fuelled capes eyed along ‘Green Corridor’ connecting Oz with China
A group of maritime players are looking at LNG fuelled capesizes to move along a so-called ‘Green Corridor’ between Australia…
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Songa Bulk confirms kamsarmax purchase
As reported by Splash earlier this week, Arne Blystad’s Songa Bulk has acquired 2010-built kamrsarmax via auction in South Korea. Songa…
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More Italian shipowner restructuring to follow Bottiglieri
More shipowners in Italy, particularly those involved in dry bulk, will follow Giuseppe Bottiglieri seeking court protection from creditors in…
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Saverys’ Hunter Maritime pounces for Chinese newcastlemaxes
The Saverys family’s new bulker bargain basement buying vehicle is being linked a quartet of newcastlemaxes. Brokers are suggesting Hunter…
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Dryships shares hammered by investors after reverse stock split
George Economou’s Dryships shares dropped over 33% in trading on the Nasdaq on Monday after an 8 to 1 reverse…
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Oaktree and Senator bolster Star Bulk holdings
Leading private equity names are investing more in Nasdaq-listed Greek owner Star Bulk Carriers. Oaktree Capital Management and Senator Investor…
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Pittas adds financial ‘firepower’ to grow Euroseas fleet
Nasdaq-listed Greek owner has announced a drawdown notice under a $10.86m loan to finance the recent acquisition of , a…
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